M/s Serial Microelectronics - Dismissal of appeal by filing Form Nos.1 and 2 under VSVS 2020


Quick Summary
The Income Tax Appellate Tribunal has dismissed appeals filed by M/s Serial Microelectronics. The assessee had applied for the Vivad Se Vishwas Scheme 2020 and filed the necessary forms, including Form Nos. 1 and 2. Following the scheme's provisions and confirmation of the tax arrears and payable amount, the assessee requested the withdrawal of their appeals, which was granted by the tribunal.

Court :
ITAT Bangalore

Brief :
These are appeals by the assessee against six Orders of assessment passed by ACIT (International Taxation), Circle – 2(1), Bengaluru, all dated 29.08.2019, under section 143(3) r.w.s. 147 r.w.s. 144C of the Income Tax Act, 1961, relating to Assessment Years 2010-11 to 2015-16. 

Citation :
IT(IT)A Nos.2312 to 2317/Bang/2019

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